tt
There is not connection made in the PR, just a statement, but it is very interesting.
The conversion rate is 167 common shares per 1 restricted prefered shares.
800 million divided by 167 is 4,790,419 or rounded up to 4.8 million.
Ok fine. If every single last common share was turned in at the conversion value, it would equal around 10.5 million restricted prefered shares. 52 more million than seemingly needed. I am not taking into account that there are already restricted shares out there guarenteed at a higher value. Perhaps they have a different conversion rate?
Regards,
Fizzlegig
